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Cipher Resources Inc DREXF

"Dorex Minerals Inc is engaged in the acquisition, exploration and development of mineral property assets located in British Columbia."


GREY:DREXF - Post by User

Comment by GDAWG77on Jun 03, 2008 2:06pm
151 Views
Post# 15139986

RE: Low Floats

RE: Low FloatsThanks for the heads up Isnice. This is a perfect stock to compare to DOX because both plays are in the same area, and both plays have low floats.  Now NET did a 1500m drill versus DOX's 1000m drill, but looking at historic grades and samples from both plays, DOX's are much higher in Cu and Au, plus DOX has Ag, Pb, Zn. Even surfrace grades, you can see that DOX's were much better, plus DOX had 2 previous mines on the property.  Now DOX with 15 million shares oustanding and NET with 23 million, both fully diluted, DOX would still move higher on older news. I think because NET has had several NR's on results, its gone down because of the inconsistency, but because DOX's Carmelita property has never done any drill testing, any results, even if they were similar to NET, would cause the SP to probably double. Both are in the Atacama desert, but DOX is much closer to La Serena. DOX also did an airborne survey to find the best anomolies to drill, whereas NET went by samples. Overall I think NET is still a good play to have, but DOX has a much greater potential to take off.

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